Entrepreneurship! 16 letter word has so much power and do not project so much fear. It is a dreaded word for some and liberating journey for others. For me it is a liberating journey. Yes, it was challenging. It definitely be tough sometimes. There are days when you will feel like you are on your last leg of expectations and then there are days when you glide above the clouds. What a roller coaster of emotions. But this cycle is varied emotions I would not trade for the world. Sometimes I have to remind myself of my faith, my hope and that I belong to, but even the days counted as joy.
My entrepreneurial journey began a little over two years ago. I have enjoyed more than 13 years in an American company in the hospitality industry and nine years in the academic world. When I decided it was time to plunge into the deep waters of entrepreneurship I completed my first year as dean of online learning to the local university. It is a dream job. I quickly advancing towards my dream of becoming president of the university. And just like that my heart began to change. And while I certainly feel like I’m making a difference in education. my legacy, my legacy, my footprints in the sand that calls me. I know I was born to do more, more, and impact the world in a different way. I’ve never been good with the status quo. I’ve never been one to blindly accept what someone says. I was a born leader. This has proven leadership abilities in every administrative and management positions I held up to that point. Looking back, if there’s only one thing I wish I had done a little differently, it will prepare financially less. But again, I do not know if I would ever feel completely ready to leap.
This is what I know. Everything happened the way it should. There is a purpose for everything under the sun. In fact, I became not financially prepared going perfectly.
What is entrepreneurship?
So here is how I define entrepreneurship. Entrepreneurship is when you step out on your own, truly believe in your faith and your own ability to generate income. This does not mean you’re not working for the people, because we will always work for someone. Perhaps, not in the conventional sense 9-5, but someone will always demand something. You might contractor. For example, one of my jobs, is a professor online for some schools. I am working on a contract. But there is a time limit and schedule that I have to contend with. And keep in mind you are always working for your customers, the customers are very demanding, and rightly so. As a consumer myself when I spend my money I expect to receive value for money. I also have an online fashion boutique for women. I am also a career coach. The bottom line is that you always work for everyone, even if your customers.
But here’s the kicker. Entrepreneurship means that you are the creator, marketer and promoter of your business or business. Whether you succeed or fail completely in your hands. When we are working for an organization, we are leaving the overall responsibility of the profitability and success of the CEO, owner, and corporate offices. They make decisions that will affect the company’s bottom line.
If you are an entrepreneur, you are all those things. CEO, owner of the corporate office. Your daily decisions affect the bottom line. I think that’s probably why it can be a little daunting.
So why do we do it? Why do some of us take the leap?
Why should you take the leap?
This is clearly an individual decision. It is not something that should be done lightly and on a whim, but I still say it’s worth trying. The experience and lessons learned from this trip is more powerful than you can imagine. If you are a student of life is one of the biggest lessons to be learned. Through this trip I learned a lot about myself. I have found the strength and the weakness has been discovered. I have found the missing courage and determination as the others. I even found a stubborn hidden that has evolved and continues to evolve.
Sure there are pros and cons to taking risks. I thought it might be a little different for some, but for the most part, the same basic pros and cons apply. Here is a list:
I am self-employed
My income depends on how much effort was put into the business
my own time. It was not the property of others. No one dictates my time for me. I do not have to clock in or clock out or report to anyone. I can work till 3 in the morning and have my days free, or I could work all day and all night. It really depends on how successful I wanted to be.
My success really depends on my actions.
I work for myself. No one told me what to do or guide me or give me a job description.
My income depends on how much effort I put into my business.
long days and long nights
On the first holiday of scarce
This could be a lonely journey
May lose friendships change and relationships
I think the pros and cons are pretty clear. Lots of great things about entrepreneurship are also things that makes it so great. It is certainly not a cake walk. I have found that if you have the courage to step into this world you already know it.
Some of my clients ask me how do you know whether you are ready or what qualities and traits of an entrepreneur? I believe these qualities and characteristics will evolve over time, but I think it would have been very basic.
Qualifications and qualities employers
Confidence in your ability
Determination to win and not let failure deter you
Willingness to try until you succeed
I think the basic properties will take you far. If I were to offer any advice for budding entrepreneurs I suggest the following:
Prepare yourself mentally, spiritually, emotionally and financially
Take the time to prepare for this trip. Conducting research in the market you’re interested in pursuing. Do your research on successful entrepreneurs as well as those who have failed. Often they are one and the same. Asking question. Prepare yourself mentally for the trip and did not expect payment easy. As much as possible, to save money for the first year. Imagine you will be out of a job for the first year and save enough to protect you. However, this could also backfire. I think you do not have enough kick into third gear.
Do not procrastinate
Prepare yourself, but do not procrastinate. Afraid of the surgery when you are just waiting for the perfect time. There is no perfect time. Entrepreneurship is risky. If there is a perfect time it will be called something else. Understand you will never feel completely ready. It is that emotion, that uncertainty will make you smile.
Willing to ask questions
Do not reinvent the wheel. Know that someone somewhere already tried what you tried. Google is a great resource, use it often. People are a great resource. Never underestimate their experience. Keep in mind that you really can learn the most from those who fail. They must be able to tell you what not to do.
Never envious colleagues who seem to be successful you
Take the time to watch others stop your progress. Always support and help as much as you can. You never know when the hands will come back to you.